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General Electric

Biden and Modi to make progress on GE jet engines, nuclear: White House

ABOARD AIR FORCE ONE: The White House expects to see meaningful progress on GE jet engines and civil nuclear...

Published 08 Sep, 2023 04:42am

Replacement of Guddu plant machinery: FIA to conduct probe into $32m payments to GE

ISLAMABAD: The Federal Investigation Agency (FIA) will probe the $ 32 million payments made to M/s General Electric...

Updated 25 Jul, 2023 10:01am

Spare parts for TPS-14 rehabilitation: GE warns TPS Guddu management against LC opening delay

ISLAMABAD: M/s General Electric (GE) has cautioned the management of Thermal Power Station (TPS) Guddu that any...

Updated 08 Jul, 2023 09:00am

World

India’s aerospace suppliers see upside in parts-making from record jet orders

PARIS/DELHI: Indian aerospace suppliers see record jet orders by the country’s top two carriers boosting domestic...

Published 28 Jun, 2023 11:10am

Business & Finance

GE to jointly produce fighter jet engines in India

General Electric’s aerospace unit said on Thursday it has signed an agreement with India’s state-owned Hindustan...

Published 22 Jun, 2023 04:18pm

Business & Finance

GE raises low end of 2023 profit forecast on aviation boost

General Electric Co on Tuesday raised the low end of its full-year profit forecast, encouraged by strong demand for...

Published 25 Apr, 2023 04:55pm

Guddu plant repair: GE seeks clearance of all dues by 30th

ISLAMABAD: M/s General Electric (GE) has sought payment of all outstanding invoices by April 30, 2023 for...

Updated 18 Apr, 2023 09:23am

Pakistan

Senate body irked over appointment of ‘ineligible’ individuals to Disco boards

ISLAMABAD: Senate Standing Committee on Power grilled Power Division on Tuesday for appointing ‘ineligible’...

Published 09 Nov, 2022 03:41am

GE seeks $100m for upgradation of RLNG plants in Punjab

ISLAMABAD: M/s General Electric (GE) has demanded $ 100 million for upgradation of RLNG-fired power plants in ...

Updated 07 Jul, 2022 09:36am

World

US companies push Biden, Congress for caution on Russia sanctions

WASHINGTON: US President Joe Biden has threatened to impose devastating sanctions on Russia if leader Vladimir Putin...

Published 26 Jan, 2022 02:11pm

Business & Finance

GE sees revenues rising in 2022 after drop in Q4

NEW YORK: General Electric reported a drop in fourth-quarter revenues Tuesday on a mixed performance across its...

Published 26 Jan, 2022 04:41am

Business & Finance

GE sees revenues rising in 2022 after drop in Q4

NEW YORK: General Electric reported a drop in fourth-quarter revenues Tuesday on a mixed performance across its...

Published 25 Jan, 2022 06:45pm

Opinion

The conglomerate discount

As of now I have 55 years of working experience in the corporate sector. I was a failure. Accomplished zero. Zilch....

Published 06 Jan, 2022 04:13am

Opinion

Iconic corporate names breaking up in trend to boost value

Three multinational giants - General Electric, Johnson & Johnson and Toshiba - this week announced plans to ...

Published 14 Nov, 2021 04:12am

Business & Finance

Air Arabia nears decision on major jet engine order

DUBAI: Middle East low-cost carrier Air Arabia is in talks with engine makers Pratt & Whitney and its current...

Published 14 Nov, 2021 04:12am

Markets

Wall Street's record run loses steam, GE surges on split

NEW YORK: US stock indexes retreated from record highs on Tuesday as a solid rise in producer prices last month...

Published 10 Nov, 2021 05:47am

GE, an industrial conglomerate pioneer, to break up

NEW YORK: General Electric said on Tuesday it would split into three public companies as the storied US industrial...

Published 10 Nov, 2021 03:38am

Markets

GE sees rise in industrial orders, lifting shares

GE also garnered increased orders in healthcare, renewable energy and power

Published 27 Jul, 2021 07:30pm

World

GE and Safran plan next-generation jet engines

PARIS: General Electric and Safran signed Monday a deal extending their cooperation as they set their sights on...

Published 15 Jun, 2021 03:30am

Business & Finance

GE and Safran plan next-generation jet engines

The US and French engineering giants have been cooperating in the sector for nearly half a century.
The LEAP engines developed by their joint venture CFM power some the latest generation Airbus and Boeing aircraft.

Updated 14 Jun, 2021 09:45pm

Markets

Thursday’s early trade: Main indexes move up

NEW YORK: Wall Street’s main indexes rose on Thursday, helped by gains in industrial and financial shares, after...

Published 28 May, 2021 04:08am

Markets

Wall Street inches higher as weekly jobless claims dip

The number of Americans filing new claims for jobless benefits stayed below 500,000 for a third straight week, the lowest level since March 2020.

Published 27 May, 2021 11:10pm

Business & Finance

General Electric reports smaller cash outflow, reaffirms 2021 outlook

The company also reaffirmed its full-year free cash flow and earnings per share outlook. The reaffirmation, however, disappointed investors who were expecting an upgrade in-line with other multi-industry rivals that have raised their earnings forecast.
In a phone interview, Chief Executive Larry Culp said the company would update its outlook once it has a better idea how its aviation business would perform in the remainder of the year.

Published 27 Apr, 2021 09:09pm

Business & Finance

GE reports loss on continued pressure in aviation

The company reported a $2.9 billion loss, compared with profits of $6.2 billion in the year-ago period, when GE booked a large gain from a divestiture.

Published 27 Apr, 2021 06:39pm

GE sells jet-leasing unit to AerCap for $30bn

Business & Finance

General Electric upbeat on 2021 after profitable 2020

Despite the profitability, S&P Global Ratings warned of GE's indebtedness at 5.9-times earnings last year, which it attributed to the aviation division's pandemic troubles.

Published 27 Jan, 2021 11:32am

Markets

Wall Street dials back from records despite good earnings

Biden wants to spend another $1.9 trillion to help the country's recovery from the pandemic, but Peter Cardillo of Spartan Capital Securities warned US indices may be set to decline no matter what.

Published 27 Jan, 2021 09:35am

Business & Finance

General Electric upbeat on 2021 after profitable 2020

Shares of GE gained 6.4 percent to $11.69 in pre-market trading.

Published 26 Jan, 2021 08:08pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.72
USD PKR Interbank Buying / Jun 12	278.47
USD to Japanese Yen / Jun 13	156.98
USD to Swiss Franc / Jun 13	0.89
Pound Sterling to USD / Jun 13	1.28
Euro to USD / Jun 13	1.08

Stock	Volume
S&P 500 / Jun 13	5421.03
India Sensex / Jun 13	76606.57
Tokyo Nikkei / Jun 13	38831.36
Nasdaq / Jun 13	17608.44
Hang Seng / Jun 13	18019.57
FTSE 100 / Jun 13	8215.48
Dow Jones / Jun 13	38712.21
Germany DAX 30 / Jun 13	18630.86

Item	Value
Petrol/Litre / Jun 13	268.36
Crude Oil USD/Barrel / Jun 13	78.18
Karachi Cotton PKR/37.32 KG / Jun 13	19935
Gold 10 Grams PKR / Jun 13	207390
Gold Spot USD/Ounce / Jun 13	2314.48
Diesel/Litre / Jun 13	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 13 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 13 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 13 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 13 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 13 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 13 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 13 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 13 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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